Huawei and Apple Launch New Flagship Phones

Huawei and Apple have launched their latest flagship smartphones, Mate XT and iPhone 16, in China, drawing significant interest despite supply constraints and high prices. Huawei's Mate XT, priced at $2,800, has generated frustration among fans due to limited availability, with some reselling the phone for up to $9,900. Pre-orders for the Mate XT exceeded 6.5 million, but production delays have left many buyers empty-handed. Apple's iPhone 16 features new AI capabilities, though these are not available in China until next year, potentially impacting short-term sales. The high demand for these premium models indicates a potential rebound in the high-end smartphone market in China, despite economic sluggishness and competition between the two tech giants.